Shopify (NASDAQ:SHOP) Price Target Raised to $185.00 at JPMorgan Chase & Co.

Key Points

• JPMorgan raised Shopify’s price target to $185 from $155 and maintained an “overweight” rating, implying approximately 26% upside from the previous close.
• Analyst sentiment remains broadly positive: Shopify has a “Moderate Buy” consensus rating and an average price target of $169.72, while Goldman Sachs lifted its target to $194.
• Shopify reported quarterly revenue of $3.58 billion, up 33.7% year over year, and earnings of $0.42 per share, exceeding estimates; institutional investors own about 69.27% of the stock.

Shopify (NASDAQ:SHOP - Get Free Report) TSE: SHOP had its target price boosted by equities research analysts at JPMorgan Chase & Co. from $155.00 to $185.00 in a research note issued to investors on Thursday,BayStreet.CA reports. The brokerage currently has an "overweight" rating on the software maker's stock. JPMorgan Chase & Co.'s target price would indicate a potential upside of 26.02% from the stock's previous close.

SHOP has been the subject of a number of other reports. The Goldman Sachs Group increased their price objective on shares of Shopify from $170.00 to $194.00 and gave the company a "buy" rating in a report on Thursday. Jefferies Financial Group reaffirmed a "buy" rating and set a $175.00 target price on shares of Shopify in a research note on Wednesday. Stifel Nicolaus set a $150.00 price target on shares of Shopify and gave the company a "buy" rating in a report on Thursday, July 9th. Robert W. Baird set a $150.00 price target on shares of Shopify in a research note on Wednesday, May 6th. Finally, Rothschild & Co Redburn set a $130.00 price objective on shares of Shopify and gave the company a "neutral" rating in a report on Tuesday, July 21st. Three investment analysts have rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $169.72.

Shopify Stock Up 1.8%

SHOP stock traded up $2.56 during trading on Thursday, reaching $146.80. The company's stock had a trading volume of 10,717,904 shares, compared to its average volume of 10,830,533. The company's fifty day moving average is $117.98 and its 200-day moving average is $119.65. Shopify has a 1 year low of $94.00 and a 1 year high of $182.19. The company has a market capitalization of $190.50 billion, a P/E ratio of 145.35, a price-to-earnings-growth ratio of 2.66 and a beta of 2.58.

Shopify (NASDAQ:SHOP - Get Free Report) TSE: SHOP last released its quarterly earnings data on Wednesday, August 5th. The software maker reported $0.42 earnings per share for the quarter, topping analysts' consensus estimates of $0.40 by $0.02. Shopify had a return on equity of 12.07% and a net margin of 10.77%.The firm had revenue of $3.58 billion during the quarter. During the same period last year, the company earned $0.69 EPS. The business's revenue was up 33.7% on a year-over-year basis. Analysts anticipate that Shopify will post 1.4 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in SHOP. Norges Bank purchased a new position in Shopify during the 4th quarter worth $2,611,797,000. Sands Capital Management LLC lifted its holdings in shares of Shopify by 37.0% in the 4th quarter. Sands Capital Management LLC now owns 9,506,036 shares of the software maker's stock worth $1,530,187,000 after buying an additional 2,568,765 shares during the period. Invesco Ltd. grew its position in shares of Shopify by 9.8% during the 4th quarter. Invesco Ltd. now owns 14,026,193 shares of the software maker's stock worth $2,257,796,000 after buying an additional 1,252,074 shares in the last quarter. Thrivent Financial for Lutherans grew its position in shares of Shopify by 7,207.2% during the 4th quarter. Thrivent Financial for Lutherans now owns 1,148,259 shares of the software maker's stock worth $184,883,000 after buying an additional 1,132,545 shares in the last quarter. Finally, Select Equity Group L.P. increased its stake in shares of Shopify by 92.5% during the second quarter. Select Equity Group L.P. now owns 2,246,473 shares of the software maker's stock valued at $259,124,000 after buying an additional 1,079,494 shares during the period. Institutional investors own 69.27% of the company's stock.

More Shopify News

Here are the key news stories impacting Shopify this week:

• Positive Sentiment: Shopify reported second-quarter revenue of $3.58 billion, up 33.7% year over year, while adjusted earnings of $0.42 per share exceeded the $0.40 consensus estimate. The company also delivered more than 30% growth in gross merchandise volume, gross profit, and free cash flow, with an 18% free-cash-flow margin. Shopify Delivers Big: 30%+ Growth Across GMV, Revenue, Gross Profit and Free Cash Flow
• Positive Sentiment: Third-quarter revenue is forecast at $3.7 billion to $3.8 billion, above the approximately $3.6 billion analyst consensus, implying low-30% growth and signaling continued momentum. Shopify Expects Q3 Revenue Growth in the Low 30s
• Positive Sentiment: AI-related traffic and orders to Shopify merchants tripled year over year, while the company is expanding “agentic commerce” tools and integrating AI across its platform. Investors viewed AI platforms such as ChatGPT and Gemini as potential partners that can send customers to Shopify stores rather than as direct threats. Shopify’s AI Traffic Triples
• Positive Sentiment: Analysts raised their targets following the report: Goldman Sachs to $194, Citizens JMP to $185, Wedbush to $176, and Benchmark to $170. Each maintained a bullish rating, reinforcing expectations for further upside. Shopify Analysts Increase Their Forecasts
• Neutral Sentiment: Cantor Fitzgerald raised its target to $145 but retained a neutral rating, indicating that some analysts remain cautious after the sharp move and Shopify’s premium valuation.

Shopify Company Profile

Shopify is a Canadian commerce technology company that provides a cloud-based platform for businesses to create, manage and scale online and physical retail stores. Its core offering is a software-as-a-service e-commerce platform that enables merchants to build customizable storefronts, manage product catalogs, process orders, and handle inventory. Shopify also supports omnichannel selling through integrated point-of-sale (POS) systems for in-person transactions.

Beyond storefront software, Shopify offers a range of merchant services and tools designed to simplify commerce operations.

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